Bitcoin trades higher, eyes 4-week win streak

fetched $3,882.60, up 0.8% since Thursday’s level at 5 p.m. Eastern time on the Kraken exchange. The cryptocurrency needs to close out the week above $3,930 to book its fourth-successive winning week, which would be the first such streak in almost a year.

What are analysts saying

“Bitcoin remains rather flat, still trying to break through the interim resistance at $4,000,” wrote Mati Greenspan, senior market analyst at eToro. “The crypto rally may have lost some of its momentum, as volumes across exchanges do seem to be tapering off from their recent highs but remain elevated just under $30 billion per day.”

Greenspan added, “at this point, it seems that the altseason has entered a new phase, where the super small-cap coins are the ones gaining the most interest and the more established industry incumbents are seeing only moderate advances,” noting the outperformance of smaller digital currencies, or altcoins.